The global Air Ambulance Services Market is estimated to be valued at US$ 6399.13 Mn in 2023 and is expected to exhibit a CAGR of 9.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Air ambulance services use helicopters and airplanes to transport patients from remote areas to hospitals or specialized medical facilities in emergency situations. These services help treat trauma injuries, heart attacks, strokes and other life-threatening medical conditions in a timely manner.
Market key trends:
One of the key trends in the air ambulance services market is the increasing number of emergency medical responses. Factors such as rising cases of road accidents and cardiac arrests, growing awareness regarding timely medical assistance, and increasing government support for air ambulance services are driving this trend. Additionally, advancements in medical equipment fitted in air ambulances allow critical care to patients even before reaching the hospital. This helps increase the survival rate of patients requiring emergency medical assistance.
The global air ambulance services market can be segmented into rotary wing and fixed wing. The rotary wing segment dominates the market as helicopters can land and take-off vertically, allowing them to reach remote locations. They are commonly used in densely populated areas due to their maneuverability.
The Global Air Ambulance Services Market Size is expected to witness high growth, exhibiting a CAGR of 9.4% over the forecast period, due to increasing road accidents and demand for prompt emergency care.
North America dominates the global market, accounting for over 40% market share due to the presence of major key players and well-established healthcare infrastructure in the region. Asia Pacific is expected to grow at the fastest rate over the forecast period due to increasing healthcare expenditure and rising cases of chronic diseases in developing countries such as India and China.
Key players operating in the air ambulance services market include Air Methods Corporation, Deccan Charters, Scandinavian Air Ambulance, Air Ambulance Specialists, Air Charter Service, Envision Healthcare Companies, Falck Danmark A/S, AMR Air Ambulance, AirMed International, Express Aviation Services, and ALPHASTAR. Air Methods Corporation is the largest player with fleet of over 500 aircraft globally.